Specific domestic transaction

Legal Eagle (Querist) 20 August 2013 This query is : Resolved
Is Specific DOmestic Transaction as per the Finance Act, 2012, applicable to Charitable Trusts who are not doing any trade or commerce, or any commercial activity in Mumbai

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ajay sethi (Expert) 20 August 2013
academic query

Legal Eagle (Querist) 20 August 2013
Dear Mr. Sethi, what does that mean?

Anirudh (Expert) 20 August 2013
Dear Legal Eagle,
Before any one can provide an answer to your query, could you please indicate:

(i) the type of transactions that had been entered into by the charity trust,

(ii) with whom such a transaction has been entered into;

(iii) the relationship between the two;

(iv) the aggregate value of the transaction.

R.K Nanda (Expert) 20 August 2013
state full facts.

Rajendra K Goyal (Expert) 20 August 2013
State facts,

Raj Kumar Makkad (Expert) 21 August 2013
It seems the querist was interested just to ract over the reply of Sethi otherwise he has no replies against the questions of Anirudh.

prabhakar singh (Expert) 21 August 2013
Dear Eagle!

academic query means only 'legal' query 'a head without hair'

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